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. Using the data below, calculate the 180 day forward discount for the Canadian dollar. Express the discount as a negative percentage. Here are the
. Using the data below, calculate the 180 day forward discount for the Canadian dollar. Express the discount as a negative percentage. Here are the relevant rates for the Canadian dollar: Spot: C$1 = $1.0094 30 day forward: C$1 = $1.0081 90 day forward: C$1 = $1.0075 180 day forward: C$1 = $1.0062 (Enter your answer as a whole number with no symbols. For example, if you compute -1.23%, enter"-1.23") Your
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